FITB vs WFC: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and Wells Fargo (WFC) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and WFC?
Across a 3-year window, the weekly returns of FITB and WFC correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 652.4 %².
Among the 45 assets we track against FITB, WFC ranks #18 by 3-year correlation. The last year tells two different stories: FITB led by 19.4 percentage points, +24.6% for FITB against +5.2% for WFC. Across three years, the rolling one-year figure varied moderately, from 0.62 to 0.88.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FITB vs WFC: side by side
| FITB (Fifth Third Bancorp) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +24.6% | +5.2% |
| 5-year return | +71.2% | +98.3% |
| Volatility (ann.) | 29.4% | 29.7% |
| Beta vs S&P 500 | 1.03 | 0.98 |
| Max drawdown (3Y) | -29.9% | -24.7% |
| Market cap | $49.7B | $256.9B |
| P/E (trailing) | 18.5 | 12.4 |
| Dividend yield | 2.90% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FITB | WFC |
|---|---|---|
| 2022 | -21.9% | -11.9% |
| 2023 | +10.4% | +22.9% |
| 2024 | +27.2% | +46.5% |
| 2025 | +14.8% | +35.6% |
| 2026 | +19.1% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and WFC good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FITB and WFC?
As of 2026-08-27, the correlation of weekly returns between FITB and WFC is 0.75 over 3 years, 0.69 over 1 year and 0.79 over 5 years.
Is WFC a good diversifier for FITB?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fitb-vs-wfc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fitb-vs-wfc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FITB correlations · WFC correlations
